Property profile

2715 Kavanaugh Blvd Little Rock, AR 72205

OFF-MARKET
Retail space
Property ID
US05-0436231
6,640 SF 0.18 ac lot Built 1935
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, 6,353 square foot retail property situated on Kavanaugh Boulevard in Little Rock's desirable Hillcrest neighborhood. The property, a landmark building constructed in 1899 and extensively renovated in 2017, boasts two distinct units currently operating at 100% occupancy. Each unit features a completely remodeled kitchen, equipped with updated HVAC systems, new plumbing, and a new grease trap, ensuring efficient and modern operations. The single-story building sits on a 0.18-acre lot (APN: 33L-047.00-216.00) and offers convenient front-door parking, a significant advantage in this highly walkable area. This core investment property benefits from its prime location within a stable and thriving market, making it an attractive opportunity for discerning investors. The property's historical charm, combined with its modern upgrades and strong tenant occupancy, presents a rare chance to acquire a prominent retail center in a submarket known for its long-term stability and desirability. A comprehensive offering memorandum is available upon request following the execution of a confidentiality agreement. This is a unique chance to own a piece of Little Rock's rich history while capitalizing on a robust retail market. The property is classified as a Modified Lease, Multi-Tenancy with two units.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1935
Total area 6,640 SF
Lot 0.18 ac (7,841 SF)
APN 33L-047-00-216-00
UPID US05-0436231

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop

Location

2715 Kavanaugh Blvd Little Rock, AR 72205-3848
Little Rock metro Census 1501 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.15M
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$1.18M

Owner & transaction history

4 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.2M +22.0%
Medical building $1.1M +7.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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